ubn’s Activity

Yesterday

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 4:58 PM

Re: Munger notes

Sorry to belabor this point, but what has he precisely taught people?>

Are you kidding me ?

Mon Mar 16

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 10:41 AM

Re: OT: CBI CFO retires

So, he almost never makes an investment that is both large and bad.

COP. Lost $3B.

Wed Mar 11

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 1:37 PM

Re: Van Tuyl

Devils advocate - Tesla says no dealerships required. It may be the future.

Sun Mar 8

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 1:42 PM

Re: IBM: we're down .24/share

The real story is that we could have purchased BRK stock and made $10 billion. BRK share price (and value ?) has doubled since 4 years ago.

Buying IBM has been a mistake.

Mon Mar 2

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 11:51 AM

Re: Reflections on Shareholder Letter

he obviously is leading us that much further away from relying on book value as a valuation tool

He is still pegging the buy back to P/B of < 1.2 and asking shareholders to not buy BRK for more that 2.0. So BV is still the [more]

Sat Feb 28

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Boards Post

ubn replied to the Berkshire Hathaway board. 2:42 PM

Re: Annual Report...Annual Ritual

Best letter ever. However, I am sad. Seems like Buffett and Munger and now preparing us for them departing.

Fri Feb 13

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 6:41 PM

Re: update by/on <i>GHU</i>

Call me crazy, but it's actually more likely that AAPL's annual net income 10 years from now will be LESS than it is today.

Some hubris is needed. People have been saying this for more than 10 years now. They have been not just wrong [more]

Wed Jan 28

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Boards Post

ubn replied to the Berkshire Hathaway board. 3:52 PM

Re: Fool Me Once, Shame On You...

Press the easy button.

2000,2005 or 2015 - just accumulate BRK (or MKL) and you will sleep well and slowly become wealthy.

Fri Jan 23

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 9:12 PM

Re: IBM 170 or 140 today?

You need the vision of bigger things than just the thing staring you in the face.

Comparing cloud offering to a buggy whip is silly.

IBM's mainframe business is slowly dying. It is pivoting to cloud offering. In this area it [more]

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 11:48 AM

Re: IBM 170 or 140 today?

For comparison, here is the amount spent on buybacks:


Year 2010 2011 2012 2013 2014
Profit $14.8B $15.9B $16.6B $16.5B $12.0B
Buyback $15.4B $15.0B $12.0B $13.9B $13.7B



Good chart.

The critics [more]

Thu Jan 22

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Boards Post

ubn replied to the Berkshire Hathaway board. 6:34 PM

Re: IBM 170 or 140 today?

Buffett would have never, ever been able to buy 10bn of Berkshire stock in the open market at these prices.

Why not. He bought $10B worth of IBM.

Thinly traded ? Gates foundation is selling millions of dollars worth of [more]

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 8:50 AM

Re: IBM 170 or 140 today?

I think it's a little early to say that this has been a poor allocation of capital.

Buffett could have bought BRK stock 3 years ago when P/B was hovering around 1.1 and 1.2 - a screaming buy. He chose to instead buy IBM. BRK has [more]

Tue Jan 20

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Boards Post

ubn replied to the Berkshire Hathaway board. 2:49 PM

Re: OT: Why Not Costco??

Interesting tidbit: going back a third of a century, COST has lapped BRK-A five times over

What are you talking about ?

Fri Jan 16

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 9:32 PM

Re: OT: Idea

After a few years when we read about you in Fortune, please come back here

Wed Jan 14

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 11:58 AM

Re: CBI 10-year earnings

This is a good analysis.

Combs tends to get in and out of stocks much faster. CBI is not a Buffett or Ted Weschler pick. I believe Todd wanted to trade CBI - probably on the momentum. So this is not a typical Buffett pick like Coke [more]

Mon Jan 5

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Boards Post

ubn replied to the Berkshire Hathaway board. 9:57 AM

Re: OT: What Does Markel Bring To The Party?

In the insurance business you have to be disciplined about the risks you take. That means letting revenues decline when the premiums don't compensate for them. All of this reflects in the combined ratios and Markel is doing alright - < 100% for [more]

Thu Jan 1

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Boards Post

ubn replied to the Berkshire Hathaway board. 2:38 PM

Re: OT IBM's Bethlehem Year

IBM buying decision has cost $10B that will never show up in traditional accounting. Berkshire stock has doubled during the last three years - it was then trading around 1.2BV.

NL

Boards Post

ubn posted to the Berkshire Hathaway board. 10:30 AM

Comparison

Here are some data points which compare key metrics between the three companies- Berkshire, Markel, Progressive.

Name BV BVgrowth/Yr(10yr) P/BV MarketCap
-----------------------------------------------------------------
Progressive [more]

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 9:50 AM

Re: OT IBM's Bethlehem Year

The best thing that going on for IBM is that this is age of IT so it has IT tailwind. Also turnaround cycle(from old to new) is long. What this means is that IBM is making money and will continue to make money from its legacy stuff. IBM is making all [more]

Tue Dec 30

NL

Boards Post

ubn replied to the Berkshire Hathaway board. 3:56 PM

Re: Does Buffett not think we're playing with fi

I'd rather buy Berkshire at 1.5x BV than MKL at 1.3x

Opportunities for MKL are far more than for BRK given its size. With BRK you will remain rich. With MKL you can/may become rich if they keep increasing the BVPS at the same [more]

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Boards Stats & Trivia

Two stars, 250 posts Old School Fool
Board Posts 498
Recs Received 1167
People who have rec'd these posts 371
Recs to Posts Ratio (last 30 days) N/A
Threads Started 147
Threads Started Percentage 29.52 %
Most Frequent Board Berkshire Hathaway
Very First Post Re: Nortel-Cisco Merger Unlikely (6/23/2004)
Percentage of Posts Rec'd 60.04 %
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